Trucking Business News

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business

Sandeep Sakharkar to Become CIO for XPO Spinoff GXO

XPO Logistics announced that Sandeep Sakharkar will become the chief information officer of spinoff business GXO Logistics.

April 1, 2021
BusinessTechnologyEquipment

Volvo Penta, Tico to Develop Electric Terminal Trucks

Volvo Penta announced a joint effort in North America with Terminal Investment Corp. to develop emissions-free, fully electric terminal truck prototypes, calling them a viable future application for EVs.

April 1, 2021
Business

IMC Cos. Hires First Chief Administrative Officer

The marine drayage business IMC Cos. announced March 29 that it hired its first chief administrative officer.

April 1, 2021
GovernmentBusinessFuel

Oil Rises After OPEC+ Agrees to Boost Output Gradually

Oil rose after the OPEC+ alliance agreed to increase oil production gradually over the next three months.

April 1, 2021
GovernmentBusiness

US Jobless Claims Rise as Labor Market Recovery Remains Choppy

Applications for U.S. state unemployment insurance unexpectedly rose last week but remained near the lowest levels of the pandemic as the labor market meanders toward full recovery.

April 1, 2021
GovernmentBusinessTechnologyFuel

‘Chargers Everywhere’: Biden Maps $174 Billion Path for EV Boom

The U.S. auto industry sees President Joe Biden’s infrastructure package as accelerating a global shift toward electric vehicles, thanks to the $174 billion proposed for charging stations, planned consumer rebates for American-made EVs and a pledge to electrify the government’s fleet.

April 1, 2021
BusinessEquipment

FleetPride Acquires Southern Truck Center

FleetPride acquired the assets of Southern Truck Center, the truck parts and service distributor announced March 31.

April 1, 2021
GovernmentBusinessTechnologyFuelLogistics

Biden’s Infrastructure Plan to Total $2.25 Trillion, Include Corporate Tax Hikes

President Joe Biden announced a $2.25 trillion climate change-centric infrastructure plan meant to repair the country’s roads and bridges, and guarantee nationwide access to broadband internet and safe drinking water.

March 31, 2021
BusinessTechnologyFuel

Fleets Selected for NACFE's Run on Less - Electric Event

The North American Council for Freight Efficiency has announced Run on Less – Electric, a real-world demonstration slated for September of zero-emission goods movement involving 13 private and public fleets and a mix of vehicles — including yard tractors — from 13 OEMs.

March 31, 2021
BusinessLogistics

Fight Over Chicago Golf Course Slated to Become Logistics Center Heating Up

A once-thriving country club near major interstate highways in Chicago was set to be the new home of an 800,000-square-foot distribution and warehouse facility, Now it is at the center of a legal battle involving a part of the city critical to trucking.

March 31, 2021